What is Standard Business Reporting (SBR)?
SBR is a Federal Government initiative that enables businesses to submit information directly to government agencies via their accounting software, for example lodging activity statements or Single Touch Payroll reports with the ATO, or financial statements with ASIC. This initiative will help reduce the burden of administration and compliance associated with business-to-government reporting.
Is AccountRight SBR enabled?
Yes! Currently you can lodge your activity statements and submit Single Touch Payroll reports to the ATO directly from AccountRight.
There are also some 3rd party add-on solutions which provide SBR functionality for your AccountRight software. Learn more about these SBR add-on solutions.
Also, there are some AccountRight reports, including the TPAR (Taxable Payments Annual Report), which AccountRight generates which can be uploaded via the ATO business portal.
Where can I learn more about SBR?
More information on the SBR initiative can be found at https://www.sbr.gov.au/